Luokung Technology (Luokung Technology) Days Sales Outstanding : 132.12 (As of Jun. 2023)

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What is Luokung Technology Days Sales Outstanding?

Luokung Technology's average Accounts Receivable for the six months ended in Jun. 2023 was $4.49 Mil. Luokung Technology's Revenue for the six months ended in Jun. 2023 was $6.20 Mil. Hence, Luokung Technology's Days Sales Outstanding for the six months ended in Jun. 2023 was 132.12.

The historical rank and industry rank for Luokung Technology's Days Sales Outstanding or its related term are showing as below:

LKCO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.37 Med: 207.35 Max: 7982.53
Current: 49.41

During the past 13 years, Luokung Technology's highest Days Sales Outstanding was 7982.53. The lowest was 22.37. And the median was 207.35.

LKCO's Days Sales Outstanding is ranked better than
65.63% of 2735 companies
in the Software industry
Industry Median: 61.83 vs LKCO: 49.41

Luokung Technology's Days Sales Outstanding increased from Jun. 2022 (28.84) to Jun. 2023 (132.12).

Luokung Technology Days Sales Outstanding Historical Data

The historical data trend for Luokung Technology's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Luokung Technology Days Sales Outstanding Chart

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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225.38

317.47

139.75

22.37

41.12

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															31.02	19.30	28.84	39.51	132.12

Competitive Comparison of Luokung Technology's Days Sales Outstanding

For the Software - Application subindustry, Luokung Technology's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Luokung Technology's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Luokung Technology's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Luokung Technology's Days Sales Outstanding falls into.

Luokung Technology Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Luokung Technology's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (13.803	+	7.284)	/	2 )	/	93.593	*	365
=	10.5435					/	93.593	*	365
=	41.12

Luokung Technology's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (7.284	+	1.69)	/	2 )	/	6.198	*	365 / 2
=	4.487					/	6.198	*	365 / 2
=	132.12

Luokung Technology (NAS:LKCO) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Luokung Technology Days Sales Outstanding Related Terms

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Luokung Technology (Luokung Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (NAS:LKCO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.